Chart Industries (NYSE:GTLS - Get Free Report) was upgraded by Hsbc Global Res to a "hold" rating in a research report issued on Wednesday, July 30th,Zacks.com reports.
Other equities research analysts also recently issued reports about the company. Johnson Rice downgraded Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a research report on Wednesday, July 30th. Barclays decreased their price objective on Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Seaport Res Ptn downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Chart Industries in a research note on Wednesday, July 30th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $202.00.
View Our Latest Research Report on Chart Industries
Chart Industries Trading Up 0.0%
Shares of NYSE:GTLS traded up $0.03 during midday trading on Wednesday, reaching $198.98. The company had a trading volume of 3,098,555 shares, compared to its average volume of 1,207,486. Chart Industries has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a fifty day simple moving average of $164.05 and a two-hundred day simple moving average of $163.68. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 36.98, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.27 and a current ratio of 1.55.
Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. Research analysts predict that Chart Industries will post 9.02 earnings per share for the current year.
Institutional Trading of Chart Industries
Institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB lifted its stake in shares of Chart Industries by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company's stock valued at $317,248,000 after purchasing an additional 102,226 shares during the period. Janus Henderson Group PLC lifted its position in Chart Industries by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock valued at $307,046,000 after buying an additional 35,004 shares during the period. Dimensional Fund Advisors LP lifted its position in Chart Industries by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,169,664 shares of the industrial products company's stock valued at $168,853,000 after buying an additional 105,027 shares during the period. King Luther Capital Management Corp grew its position in shares of Chart Industries by 1.4% in the 1st quarter. King Luther Capital Management Corp now owns 979,683 shares of the industrial products company's stock worth $141,427,000 after buying an additional 13,484 shares during the period. Finally, Gates Capital Management Inc. increased its stake in shares of Chart Industries by 61.5% in the 1st quarter. Gates Capital Management Inc. now owns 776,636 shares of the industrial products company's stock worth $112,115,000 after acquiring an additional 295,738 shares in the last quarter.
About Chart Industries
(
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Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.
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